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Classic Group
In this Group: Magreth, Christopher, Ratipha, Aki, Richard*, Neema, Zuhura, Ester, Apronia*, Mwasiti, Zaituni, Asia, Magdalena, Coticda, Prisca*
* not pictured
Magreth, in her late thirties, is married and has three children. She has been selling groceries for two years. She works from 8 a.m. to 6 p.m. and is able to make a good monthly profit.

This will be Magreth’s third loan from Tujijenge Tanzania. She used the previous loan to increase the stock in her grocery and has repaid it successfully. She hopes for a loan to add more stock to her grocery inventory. Magreth’s dream is to one day build her own house.

Magreth will share this loan with her loan group, "Classsic", which consists of 15 members who will hold each other accountable in paying back the loan.

Additional Information

About Tujijenge Tanzania

This loan is administered by Tujijenge Tanzania, which was founded in 2006. It has operations in Dar es Salaam, the coastal region, and the Lake Victoria region. The organization aims to reach out to micro entrepreneurs and provide them with financial and social intermediation services because capital is one of the major barriers to development and success for micro-enterprise initiatives in Tanzania.

For more information on Tujijenge Tanzania, please visit its partner page, or join its lending team.

This is a Group Loan

In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.

Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.

About Tanzania

  • $1,700
    Average annual income
  • 8
    View loans »
    Tanzania Loans Fundraising
  • $14,096,650
    Funds lent in using Kiva
  • 1,585.0
    Tanzania Shillings (TZS) = $1 USD

Success!! The loan was 100% repaid

A portion of Classic Group's $4,425 loan helped a member to add more stock to her grocery inventory.
100% repaid
Repayment Term
6 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Jan 18, 2012
Listed
Jan 31, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 16, 2012